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Sovereign Lending Group

Is this your company?

The joke of the mortgage industry - Mortgage Loan Officer Sovereign Lending Group Employee Review

1.0
11 Sept 2024
Recommend
CEO approval
Business outlook

Pros

Absolutely nothing good to say about this poorly run company.

Cons

They are the worst run company the owner will talk down to you and is only using you for your time. Loan officers are completely disposable. They will take your deal and give it to someone else. Only managers are able to price out loan and since there are two of them only in the office this makes things very difficult when in 1 month both of them went on a week long vacation and was left with one manager to price out a loan. That's if you can find one when they are known to take off for hours at a time. Yet you are still expected to get a one call close like they preach to their employees. The main owner J.P. is overbearing and extremely micromanaging. He will also talk trash about his employees behind their back. A common practice there is you will be told to pitch a loan that doesn't work and the borrower doesn't actually qualify for then it's back tracking from there to get the a loan that actually works however it's way expensive probably because they want to make 4pts a loan over all. They don't pay in bps they have a flat commission and it isn't that great and fluctuates between loan officers. There is zero structure at slg. This is a place to stay far away from and I'm regretful that I ever gave them even a second of my time working there. Everything they tell their employees about how it's a small close knit family vibe is completely false they also have unlicensed reps pitching deals too.

Explore other reviews about Sovereign Lending Group

5.0
1 Sept 2024
Recommend
CEO approval
Business outlook

Pros

Nice staff, everyone was cool to work with.

Cons

Hours started off a bit rough, then was able to get better hours

2.0
30 Nov 2024
Recommend
CEO approval
Business outlook

Pros

Good coffee, paid for my licensing exam/training/study hours, free Door Dash membership

Cons

This call center works you like a micro-managed sweatshop. They pay you minimum wage with the prospect of bonuses but most LOs quit or get laid off before ever earning any commission pay. They do massive group hirings (like 30 at a time) for each "class," but only 2 or 3 stay with the company more than a few months. They foster a hyper-competitive work environment that encourages "stealing" leads, back stabbing, and trash talking. Employees come in drunk, hungover, or high. Drug use is common.

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